Tax Basics Test

What is Payroll Tax?

• Tax on Earned Income
• Tax on Unearned Income
• Tax on Earned and Unearned Income
• Taxes on the Wages you earn from your Employer

What is Property Tax

• Tax on Land, Vehicles and Property
• Tax on Government Buildings
• Tax on Businesses
• Tax on Educators

____________is the amount of money you earn before deductions.

• net income
• gross income

Tags

CCSS.HSA.SSE.A.1

The money you earn after deductions is called _______________.

• gross income
• net income

Tags

CCSS.RI.6.3

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.5

CCSS.RI.9-10.5

What is your net income?

• The amount you receive after deductions
• The income you receive after taxes and deductions
• The net worth of your stocks' interests
• The income you receive over time

Tags

CCSS.7.RP.A.3

Everyone with a job pays________.

• taxes
• bills

Tags

CCSS.RI. 9-10.2

CCSS.RI.6.2

CCSS.RI.7.2

CCSS.RL.6.2

CCSS.RL.9-10.2

If you buy an item at the grocery store you pay _________tax.

• sales
• property
• income
• payroll

Tags

CCSS.7.RP.A.2

CCSS.7.RP.A.3

the tax paid on the value of property that you own is ____________ tax.

• sales
• property
• income
• payroll

Tags

CCSS.RI.6.3

CCSS.RI.6.5

CCSS.RI.7.5

CCSS.RI.8.3

CCSS.RI.9-10.3

You pay this tax anytime you purchase something at a store.

• Sales Tax
• Excise Tax
• Income Tax
• Property Tax

You pay this tax when you buy something like a house or land.

• Income Tax
• Sales Tax
• Estate Tax
• Property Tax